NIMASA insists $360m sabotage cash intact amid misappropriation concerns
Post AMUGE
23 hrs
Onome Amuge The Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria’s apex maritime regulatory agency, has dismissed any concerns surrounding the integrity of the over $360 million Cabotage Vessel Financing Fund (CVFF). Dayo Mobereola, the agency’s director general, assured stakeholders that the fund remains intact and is scheduled to be disbursed to qualified indigenous shipowners, […]
inDrive closes 2024 with major milestone in driver welfare in Nigeria, investing over N5bn
Post AMUGENovember 17, 2024
As part of its ongoing dedication to driver welfare, inDrive, the global platform for mobility and urban solutions, has concluded a remarkable year with a series of impactful initiatives in Lagos, culminating in a total investment of over 5 billion Naira in 2024. Reinforcing its commitment to improving driver welfare, earnings, and empowerment. Supporting driver […]
Rivers State, SIX-EV charge ahead with electric 3-Wheelers, buses to boost transport system
Post AMUGENovember 4, 2024
Business a.m. Frank Omene, board member, Six-EV, and Dagogo Israel Iboroma, attorney general, Rivers State, the representative of Rivers State governor, at the signing of the electric transport deal SIX-EV, an e-mobility company dedicated to transforming African transportation through innovative, environmentally-friendly solutions, has inked a Memorandum of Agreement (MoA) with the Rivers State Government, led […]
Soaring airfares shut out Nigerians from domestic flights
Post AMUGENovember 4, 2024
Govt must address multiple taxation to save aviation industry- Aero Contractor CEO Onome Amuge Ado Sanusi, MD/CEO, Aero Contractors Company of Nigeria Ltd The onset of November signals the approach of the holiday season, but the domestic aviation industry in Nigeria is facing a challenging time, with high airfares putting a damper on holiday […]
Maritime sector loses $2.5 billion to ICTN delays, stakeholders urge swift action
Post AMUGEOctober 29, 2024
Joy Agwunobi The Nigerian Shippers Council has reported that the country’s economy has incurred a huge loss of about $2.5 billion over the past five years, roughly $500 million annually, due to delays in the implementation of the International Cargo Tracking Notes (ICTN) system. This revelation was brought forward by Pius Akutah, the Council’s Executive […]
Maritime sector anchors hopes on private investment, national policies for ship financing
Post AMUGEAugust 27, 2024
Business a.m. Nigeria’s maritime industry stakeholders have raised their collective voice, urging policymakers and private sector players to implement stronger national policies and increased investments, particularly in the capital-intensive vessel construction and acquisition sector. The stakeholders issued a rallying cry for stronger national policies and increased private sector investments to tackle the industry’s financial challenges […]
Africa’s railways revival: $90bn Afrail Express, other projects create huge demand for engineering manpower
Post AMUGEJuly 29, 2024
Robust higher education response required Has lowest engineers per capita – UNESCO Nigeria not in Int’l Engineering Alliance Ben Eguzozie The scale of railway projects currently taking place in Africa is creating a huge demand for skilled engineering manpower and human resources at all levels of the rail sector across the continent. Sadly, the continent […]
Lekki Port seeks unified effort to unlock maritime industry’s untapped potential
Post AMUGEJune 24, 2024
Joy Agwunobi Laurence Smith, the chief operating officer of the Lekki Port, has issued a call to stakeholders across Nigeria’s maritime sector, urging a concerted and collaborative effort to unlock the industry’s vast potential. Speaking at the BusinessDay Maritime Conference 2024, Smith delivered a keynote address on “Nigerian Maritime: Unlocking Potential, Overcoming Challenges,” where he […]
FG suspends controversial Nigeria Air indefinitely over fraudulent activities
Post AMUGEMay 27, 2024
Festus Keyamo, the minister of aviation and aerospace development, said the Nigerian government has suspended indefinitely the Nigeria Air national carrier project, initially introduced by the Muhammadu Buhari administration. Keyamo, during a press briefing at the ministerial sectoral update in Abuja, condemned the project as fraudulent, adding to the existing criticism and uncertainty surrounding the […]
Nigeria’s maritime feels pains of $1trn losses on cabotage fund holdup
Post AMUGEMay 14, 2024
Onome Amuge Maritime stakeholders have voiced concerns over the substantial financial losses Nigeria is incurring due to the non-disbursement of the Cabotage Vessels Financing Fund (CVFF), estimated at a staggering $1 trillion annually. The stakeholders made this known during a meeting with Dayo Mobereola, the newly appointed director general of the Nigerian Maritime Administration and […]